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Wednesday, July 14, 2010

Indian ADRs up in higher US markets


US stock markets rose strongly Tuesday as a solid start to the U.S. corporate earnings season from aluminum company Alcoa Inc. helped investors look past a credit rating downgrade of Portugal.

The Dow rose 146.75 points, or 1.44%, to 10,363.02. The Standard & Poor`s 500 index rose 16.59 points, or 1.54%, to 1,095.34, while the Nasdaq composite index rose 43.67 points, or 1.99%, to 2,242.03.

Indian ADRs end higher.